CoinDesk: Bitcoin Exchange Processor EgoPay Freezes Funds, Disables API

01/17/2015 by

Electronic payment processor and gateway EgoPay has frozen accounts belonging to a number of its clients, including cryptocurrency exchanges such as BTC-e and

BTC-e told CoinDesk that EgoPay is denying it access to $80,000 of its funds having placed this sum in a "frozen wallet".

Slovakian cryptocurrency exchange confirmed $7,183 of its funds are also being withheld by EgoPay, which is based in Lithuania and registered in Malta.

The problem isn’t just limited to frozen funds, with EgoPay customers claiming some of the payment processor’s core technical features have also stopped functioning correctly.

full article by CoinDesk

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